The
commission shall be responsible for:
1.
The
enforcement and the due administration
of the provisions of this act.
2.
The
investigation of all financial crimes including advance fee fraud money laundering-counterfeiting illegal charge
transfers, future market fraud,
fraudulent encasement of negotiable instruments, computer credit card fraud,
contract scam, etc.
3.
The co-ordination and enforcement of all economic
and financial crimes law and enforcement functions conferred on
any other person or authority
4.
The
adoption of measures to identify, trace, freeze confiscate or size proceeds
derived from terrorist activities, economic and financial crime related
offenses or the properties the value of which corresponds to such processed
5.
The
adoption of measures to eradicate the commission of economic and financial crimes
6.
The
facilitation of rapid exchange of scientific and technical information and the
conduct of joint operations geared towards the eradication of economic and
financial crimes.
7.
The
examination and investigation of all reported cases of economic and financial crimes with a view to
identifying individual’s corporate bodies or groups involved.
8.
The determination of the extent of financial
loss and such other losses by government, private individuals oar organization
9.
Collaborating with government bodies both
within and out side Nigeria carrying on functions wholly or in part analogous
with those of the commission concerning
i.
The
identification determination of the whereabouts and activities of person
suspected of being involved in economic and financial crimes,
ii.
The
exchange of personnel or other experts.
iii.
The
movement of proceeds or prosperity derived from the commission of economic
and financial and other related crime
iv.
The
establishment and maintenance of a system for monitoring international economic
and financial crimes or order to identify suspicious transaction and person
involved.
v.
Maintaining
data, statistics, records and reports on person, organizations, proceeds,
properties, documents or other times or assets involved in economic and financial crimes.
vi.
Undertaking
research and similar works with a view of determining the manifestation,
extent, magnitude and effects of economic and financial crimes and advising
government on appropriate interception measures for combating same
vii. Dealing with
matters connected with extradition deportation and mutual legal or other
assistances between Nigeria and any other country involving economic and
financial crimes.
10.
The
collection of all reports relating to suspicious financial transaction, analyze
and disseminate to all relevant government agencies
11.
Taking
charge of supervising controlling, co-coordinating all the responsibilities,
functions and activities relating to the current investigation and prosecution
of all offenses connected with or relating to economics and financial crimes.
12.
Maintaining
a liaison with the office of the Attorney General of the Federation, the
Nigeria Customs Service the Immigration and Prison Service Board, the Central
Bank of Nigeria, the Nigeria Deposit Insurance Corporation, the National Drug
Law Enforcement Agency, all Government Security and Law Enforcement Agencies
and such other Financial Supervisory Institutions involved in the eradication
of economic and financial crime.
13.
The
co-ordination of all existing economic and financial crimes investigating units
in Nigeria a
Carrying out and sustaining rigorous public enlightenment campaign against economic and financial
crimes within and outside
Nigeria, and carry out such other
activates as are necessary or
expedient for the full discharge of all or any of the function conferred on it
under this Act.